HC Deb 16 November 1976 vol 919 cc481-2W
Dr. M. S. Miller

asked the Secretary of State for Scotland what revenue grants are being paid to the Scottish Transport Group's shipping subsidiaries Caledonia MacBrayne Ltd. and David MacBrayne Ltd. for the companies' current financial year.

Mr. Milan

My grants for 1976 will be as follows: Caledonian MacBrayne Ltd., £2.4 million; David MacBrayne Ltd., £1.1 million.

Included in the Caledonian MacBrayne grant for the first time is an element of interest on capital from group funds used by the company; this is to be calculated at the average rate for the group's outstanding commencing capital debt.